Analysis

Accountability

Analysis

Submission to the International Development Committee of the UK parliament: inquiry into the World B

The UK should not increase its contribution to IDA in the current replenishment. Instead, it should focus on achieving substantial reforms of the World Bank and IFC in key areas, including health, gender, climate and energy, and the private sector, and in radically improving the legitimacy, transparency and accountability of the institution.

19 October 2010 | Paper

Conditionality

Analysis

Saying one thing but meaning another: IMF advises protecting jobs and cutting spending

While Hungary has booted out the IMF, Greece is still toeing the line of IMF austerity demands. The IMF has softened its rhetoric in some places, notably on unemployment, but critics worry that many staff are still pushing fiscal retrenchment that may damage growth prospects.

30 September 2010

Environment

Analysis

The World Bank: Access or impediment to climate finance?

Proposals to place climate funds at an institution like the World Bank, over which developing countries have limited ownership, have undermined the process of negotiations through the UNFCCC. However, G77 countries have stood against the World Bank and have firmly supported placing climate finance under the UN, despite a diversity of positions. Lobbying by the World Bank and key donors both in international and bilateral discussions to secure a significant and decisive position for the Bank with

29 September 2010 | Briefings

Finance

Analysis

Adjusting foreign investment

This briefing explores the impact of capital account policy on international development. The liberalisation of capital accounts in developing countries has been promoted by international economic and financial institutions. However, with evidence showing the damaging economic, social and human consequences of unrestricted capital movement, tools to manage capital flows are increasingly being embraced by policy makers and academics.

29 September 2010 | Briefings

IFI governance

Analysis

IFI governance reform

Much as developing countries have often taken the approach that "no deal is better than a bad deal" at the WTO, a strong joint negotiating position would leverage larger gains in the IMF governance reform process due to be concluded by the end of 2010. Possible gains from a tough negotiating position include a rewriting of the IMF quota formula, double majority voting, more developing country seats on the board, and an end to the US veto. Limited change at the Bank highlights potential pitfalls.

28 September 2010 | Briefings

Accountability

Analysis

Submission on the World Bank and IFC to DFID's multilateral aid review

As the UK government reviews its funding and relationships with multilateral organisations, we argue that the World Bank Group's poor performance, lack of country ownership and accountability, and tendency to 'mission creep', require a focus on institutional and policy change at the Bank, and no increase in funding.

2 September 2010 | Briefings

Infrastructure

Analysis

Climate Investment Funds Monitor 2

As pilot countries are selected and funding allocated, concern mounts over poor consultation, the weakness of some country proposals, and failure to address governance issues.

27 July 2010 | Briefings

Social services

Analysis

Social insecurity

This paper aims to raise awareness of private financial institutions' influence on healthcare and pensions in developing countries.

16 July 2010 | Reports

Rights

Analysis

Human rights (the World Bank way)

Most of the world's governments have ratified at least one human rights treaty or convention. Kirk Herbertson, Kim Thompson and Robert Goodland of the World Resources Institute ask why the World Bank Group - which is owned by these same governments - is hesitant to discuss human rights openly.

18 June 2010 | At Issue

Infrastructure

Analysis

Clean energy targets for the World Bank

This paper questions what the World Bank counts as clean energy and whether it reports on its energy lending in an accountable way. The concerns it highlights demonstrate the need for a far more rigorous and transparent approach, subject to independent monitoring.

14 May 2010 | Briefings

IFI governance

Analysis

IMF mandate needs fundamental rethink

The IMF needs to fundamentally rethink its role, and return closer to its original purpose, focussing on three key areas: reform of the international monetary system; surveillance over the policies of systemically important countries; and providing rapid access, conditionality-free finance to countries facing crisis.

11 May 2010 | Briefings